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Indiana Code — Title 6 (Taxation)

IC 6-3.1-38.1-8

Applying for tax credit; eligibility

Official textiga.in.govlast amended

Sec. 8. (a) A taxpayer wishing to claim a tax credit under this chapter must apply to the department after completion of the project for which qualified railroad expenditures or qualified new rail infrastructure expenditures were incurred. The department shall prescribe the form and manner of the application, which must include:

# (1)

the number of miles of railroad track owned or leased in Indiana; and

# (2)

a description and certification of the amount of the taxpayer's qualified railroad expenditures or qualified new rail infrastructure expenditures.

(b) The department shall evaluate a taxpayer's eligibility for a tax credit under this chapter.

(c) The department shall certify the eligibility of a taxpayer that meets the requirements for a tax credit under this chapter.
As added by P.L.173-2025, SEC.2.

Amendment history

As added by P.L.173-2025, SEC.2.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-3.1-38-5 · Reporting requirements
  2. 6-3.1-38-6 · Claiming credit on tax return
  3. 6-3.1-38-7 · Maximum amount of credit; approval of claims
  4. 6-3.1-38-8 · Credit carryover; carryback or refund of unused credit
  5. 6-3.1-38-9 · Rules
  6. 6-3.1-38.1-1 · "Pass through entity"
  7. 6-3.1-38.1-2 · "Qualified applicant"
  8. 6-3.1-38.1-3 · "Qualified new rail infrastructure expenditures"
  9. 6-3.1-38.1-4 · "Qualified railroad expenditures"
  10. 6-3.1-38.1-5 · "Qualified rural county"
  11. 6-3.1-38.1-6 · "State tax liability"
  12. 6-3.1-38.1-7 · "Taxpayer"
  13. 6-3.1-38.1-8 · Applying for tax credit; eligibility
  14. 6-3.1-38.1-9 · Amount of tax credit
  15. 6-3.1-38.1-10 · Amount of tax credit; pass through entities
  16. 6-3.1-38.1-11 · Claiming tax credit
  17. 6-3.1-38.1-12 · Carry over of excess tax credit
  18. 6-3.1-38.1-13 · Assignment of tax credit
  19. 6-3.1-38.1-14 · Aggregate amount of tax credits permitted
  20. 6-3.1-38.1-15 · Expiration
  21. 6-3.1-38.3-1 · "Pass through entity"
  22. 6-3.1-38.3-2 · "State tax liability"
  23. 6-3.1-38.3-3 · Credit
  24. 6-3.1-38.3-4 · Eligibility requirements
  25. 6-3.1-38.3-5 · Computation of credit amount; certain taxpayers
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